"Still There?"... Terra Classic Rises 4% Intraday on Do Kwon's U.S. Transfer

Uk Jin

Summary

It was reported that Terra Classic recorded a 4% rise intraday.
It was stated that some investors showed interest following the news of Do Kwon's extradition to the U.S.
Terra Classic is trading at $0.0001133, up 4.55% from the previous day according to CoinMarketCap.

Terra Classic (LUNC) recorded a 4% rise intraday. This is interpreted as some investors showing interest following the news that Do Kwon, a key figure in the Luna-Terra incident, has been transferred to the U.S.

On the 2nd, Terra Classic is trading at $0.0001133, up 4.55% from the previous day according to CoinMarketCap.

On the 31st, the Montenegro Police Department handed over Kwon's custody to the U.S. Department of Justice at Podgorica International Airport. This comes about 1 year and 9 months after he was arrested at Podgorica International Airport, Montenegro, on March 23, 2023.

Bojan Božović, Montenegro's Minister of Justice, signed an order on the 27th to extradite Kwon to the U.S. The Montenegro Ministry of Justice explained, "We comprehensively considered the seriousness of the crime, the location of the crime, the order of extradition requests, and the nationality of the criminal."